Day: January 9, 2023

CFTC files suit against Avraham Eisenberg for market manipulation in Mango exploit

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The United States Commodity Futures Trading Commission (CFTC) filed suit against self-described digital artist Avraham Eisenberg on Jan. 9, charging him with two counts of market manipulation in connection with an exploit of decentralized finance platform Mango Markets. Eisenberg was arrested on related charges on Dec. 27 and is currently in custody. The CFTC claimed in its suit that Eisenberg “engaged in a manipulative and deceptive scheme to artificially inflate the price of swaps offered by Mango Markets […] culminating in the misappropriation of over $100 million from the platform”…

Why GALA’s 190% Rally May Be Just Getting Started

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GALA, the native token of the non-fungible token (NFT) gaming project, has recently seen significant bullish price action. The token moved independently during these periods, with larger cryptocurrencies barely catching up on this massive rally. As of this writing, GALA’s price trades at $0.04 with a 16% profit in the last 24 hours. Since late December 2022, the token has recorded a 194% rally and stands amongst the best-performing digital assets in the sector. Is the rally sustainable, or will the token retrace on its recent gains? GALA’s price trends…

BlockFi plans to file assets and liabilities for bankruptcy case on Jan. 11

Crypto lending firm BlockFi has announced it will disclose information on its assets and liabilities as well as payments received prior to its bankruptcy filing in November. In a Jan. 9 Twitter thread, BlockFi said it had filed a presentation for its stakeholders detailing plans for future court filings and a rundown of the bankruptcy proceedings. According to the lending firm, the company reached out to 106 potential buyers shortly after its first bankruptcy hearing in November and will ask for the court’s approval regarding the bidding process on Jan.…

Smart Contract Platform Tokens See Double-Digit Gains, Boosting Defi TVL Above $40 Billion – Defi Bitcoin News

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Decentralized finance (defi) and smart contract platform tokens rallied on Monday morning (ET) and the total value locked in defi jumped above the $40 billion zone for the first time since mid-December 2022. The top smart contract platform coins by market capitalization increased 7.1% on January 9, 2023, and most have seen double-digit gains over the last week. Lido Finance Emerges as Most Dominant Defi Protocol, Surpassing Makerdao in TVL Size Cryptocurrency markets have been positive at the start of the second week of 2023, as the entire crypto economy…

Bitcoin mining stocks surge with broader market as traders see less aggressive Fed

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Shares of publicly traded Bitcoin (BTC) miners surged on Jan. 9 as traders piled into equity markets amid growing bets that the United States Federal Reserve would soon be able to relax its aggressive fight against inflation.  Bitcoin miners Riot Blockchain (RIOT), Hut8 (HUT), Bitfarms (BITF), Marathon Digital Holdings (MARA) and others posted double-digit percentage gains in intraday trading.  The rally coincided with a broad uptick in equity markets, with the large-cap S&P 500 Index rising 1% and the technology-focused Nasdaq climbing 2% before paring gains. Markets rallied ahead of…

SBF claims himself not guilty, faces up to 115 years in jail: Law Decoded, Jan. 2-9

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Former FTX CEO Sam Bankman-Fried has pled not guilty to all criminal charges he’s facing, including wire fraud, securities fraud and violations of campaign finance laws. In total, the entrepreneur faces eight criminal counts, which could result in 115 years in prison should he be convicted. Meanwhile, Daniel Friedberg, the controversial lawyer who served as top compliance chief at FTX, has reportedly cooperated with prosecutors and provided them with his knowledge of SBF’s use of customer funds to finance his illegal business scheme. The United States Attorney’s Office for the…

Voyager tells court Binance acquisition plan is ‘sound business judgment,’ urgently needed

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Bankrupt crypto brokerage Voyager Digital filed documents in a United States court on Jan. 8 in response to objections raised to the Binance.US proposal to buy out its debt. Voyager announced it had approved the offer on Dec. 19. The Securities and Exchange Commission, four states, the U.S. trustee and Alameda Research filed objections to it. Voyager stated in one document that objections to the Binance.US offer “fail to put forward any factual or legal support” in their arguments, while Binance.US offered creditors higher recovery rates than other proposals and…

Der spannendste Börsengang 2021! (Coinbase)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Die erste Kryptowährungs- Handelsplattform der Welt geht an die Börse. Soll man die Coinbase Aktie kaufen oder doch die … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version